Weave Communications (NYSE:WEAV) Price Target Raised to $17.00

Weave Communications (NYSE:WEAV) had its price objective increased by equities research analysts at Piper Sandler from $16.00 to $17.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 23.28% from the company’s current price.

Weave Communications Stock Up 2.1 %

Shares of Weave Communications stock opened at $13.79 on Thursday. The company’s 50 day moving average price is $12.05 and its 200-day moving average price is $10.46. Weave Communications has a 52-week low of $6.89 and a 52-week high of $13.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $990.30 million, a price-to-earnings ratio of -32.83 and a beta of 2.10.

Insider Activity

In other Weave Communications news, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the sale, the chief operating officer now directly owns 337,682 shares in the company, valued at $3,603,066.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the transaction, the chief operating officer now owns 337,682 shares of the company’s stock, valued at approximately $3,603,066.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Blake G. Modersitzki sold 51,332 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $13.51, for a total value of $693,495.32. Following the completion of the transaction, the director now directly owns 306,852 shares of the company’s stock, valued at $4,145,570.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,848 shares of company stock valued at $1,980,871. Corporate insiders own 36.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WEAV. nVerses Capital LLC bought a new position in Weave Communications during the 3rd quarter valued at approximately $45,000. Private Management Group Inc. bought a new position in Weave Communications during the 2nd quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after buying an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Weave Communications during the 2nd quarter valued at $98,000. Finally, US Bancorp DE purchased a new stake in Weave Communications during the 3rd quarter valued at $107,000. Institutional investors own 86.83% of the company’s stock.

Weave Communications Company Profile

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.